Pebble tops Samsung, Sony in smart wearable band race

Pebble tops Samsung, Sony in smart wearable band race

The market for wearable bands is picking up like never before. According to research firm Canalys, 2.7 million wearable bands shipped worldwide in the first quarter of 2014. But the really interesting nugget here is that Fitbit holds 50 per cent market share in this, powered by its domination of the basic bands segment. Pebble was ahead in the smart wearable bands segment with a 35 per cent market share.

Jawbone grew in the basic band segment even was Nike’s share dropped to 10% as the sales of its FuelBand took a hit in sales. Nike is thinking of canceling future FuelBand products, as company’s focus shifts to fitness software and the Nike+ community.